グリーンエナジー＆カンパニー raised its ordinary profit forecast for the current fiscal year above its previous forecast in its earnings release, adding to its record-high profit outlook. Ordinary profit turned positive in 1Q, and the outlook for the first half and full year was also revised upward.
グリーンエナジー＆カンパニー released its earnings summary and announced that consolidated ordinary profit had returned to positive territory. Results for the May-July period moved from a loss to a profit compared with the same period of the previous year.
The full-year earnings forecast was revised upward from the previous ¥1.3 billion to ¥1.55 billion, with the growth rate expanding from 26.3% to 50.6%. The company consequently added a forecast for record-high profit, the first in 12 periods.
The first-half profit outlook was also revised upward by 34.0%, from the previous forecast of ¥530 million to ¥710 million for the April-October period, with the first-half growth rate expanding from 2.2 times to 2.9 times.
In results for the most recent 3 months, the operating profit margin on sales for the May-July period improved sharply from 0.2% to 10.7%.